The civil money-laundering and forfeiture case brought against former Full Tilt Poker board member Rafe Furst by the Department of Justice has been settled.
The United States District Court for the Southern District of New York recorded an eight-page document on November 28th that says Furst has agreed to forfeit all funds in the trust account - the same account where he allegedly received his Full Tilt Poker distributions - and he will also pay $150,000 in fines.
And Furst admits to no wrongdoing in the matter and states he was "unaware of any wrongful activity of Full Tilt Poker and unaware that the company had become unable to satisfy its player account liabilities."
Furst's fine of $150,000 and the funds in the trust account will be made available to Full Tilt Poker's U.S. customers as part of the $184 million they are owed.
The document also required that Furst "agreed not to work for, or derive money from, either directly or indirectly, any operation of any internet gambling business in the United States, including businesses offering Internet poker in the U.S., until such time that relevant law makes that business legal and whatever entity he is associated with obtains appropriate authorization from all relevant government regulatory authorities."
The U.S. District Court for the SDNY asked for more than $11.7 million in forfeitures from Furst as part of the second amended complaint. Furst has settled his civil charges but Howard Lederer, Ray Bitar, and Chris Ferguson, former Full Tilt Poker board members are targeted for more than $40,000,000 each in forfeitures. Howard Lederer filed a motion to dismiss the second amended complaint and the $42.5 million in personal claim for money laundering on November 15th. Chris Ferguson recently joined Lederer's motion.
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